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7 Best Brokerage Account Promotions and Bonuses of September 2023

Brokerage firms compete for investor deposits by offering large bonuses and promotions. Here are some of the best brokerage bonuses and promotions right now.

Arielle O'Shea
By Arielle O'Shea 
Edited by Pamela de la Fuente

Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.


The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.

The competition among brokerage firms is fierce, which spells good news for investors: These companies frequently aim to attract new accounts with generous promotions and bonus offers.

How brokerage bonuses work: Most brokers that offer promotions will do so in exchange for a set deposit amount — the more you're willing to deposit, the greater the promotion available to you. However, there are some brokerage firms that set the bar lower — for example, offering a bonus simply for placing your first trade.

Keep in mind that while most broker bonuses are paid in cash — in the form of a deposit to your newly opened investment account — other brokers pay out untraditional bonuses in the form of stock or even crypto.

Below, we've categorized current brokerage promotions so you can easily find the best options for you. As always, be sure to read the fine print on the brokerage firm's website to ensure you qualify for the offer.

🤓Nerdy Tip

Typically, transfers from existing brokerage firms — as well as 401(k) rollovers and IRA transfers — count as a deposit that qualifies for a bonus. But be sure to read the fine print of each offer.

Best Brokerage Account Promotions and Bonuses

Our pick for

brokerage cash promotions

The below brokerages offer cash bonuses in exchange for your deposit. Some bonuses are tiered, meaning the more money you deposit, the higher the bonus.

NerdWallet rating 

4.7

/5
J.P. Morgan Self-Directed Investing
Learn more

on J.P. Morgan's website

Fees

$0

per trade

Account minimum

$0

Promotion

Get $50

when you open & fund a new account with $5K on Chase.com or the Chase Mobile® app.

NerdWallet rating 

4.6

/5
TradeStation
Learn more

on TradeStation's website

Fees

$0

per trade

Account minimum

$500

Promotion

Qualify for up to $5,000

when you open and fund a new TradeStation account. Offer Code: NERDAFJO.

NerdWallet rating 

5.0

/5
Fidelity
Learn more

on Fidelity's website

Fees

$0

per trade for online U.S. stocks and ETFs

Account minimum

$0

Promotion

Get $100

when you open a new, eligible Fidelity account with $50 or more. Use code FIDELITY100. Limited time offer. Terms apply.

Our pick for

free stock promotions

NerdWallet rating 

5.0

/5
Webull
Learn more

on Webull's website

Fees

$0

per trade

Account minimum

$0

Promotion

Get up to 12 free fractional shares (valued up to $3,000)

when you open and fund an account with Webull.

NerdWallet rating 

4.6

/5
Robinhood
Learn more

on Robinhood's website

Fees

$0

per trade

Account minimum

$0

Promotion

1 Free Stock

after linking your bank account (stock value range $5.00-$200)

NerdWallet rating 

4.2

/5
SoFi Active Investing
Learn more

on SoFi Invest's website

Fees

$0

per trade

Account minimum

$0

Promotion

$5 to $1,000

in free stock for users who sign up via mobile app

Want to compare more options? Here are our other top picks:

More resources for opening a new brokerage account

Last updated on September 5, 2023

Methodology

NerdWallet’s comprehensive review process evaluates and ranks the largest U.S. brokers by assets under management, along with emerging industry players. Our aim is to provide an independent assessment of providers to help arm you with information to make sound, informed judgements on which ones will best meet your needs. We adhere to strict guidelines for editorial integrity.

We collect data directly from providers through detailed questionnaires, and conduct first-hand testing and observation through provider demonstrations. The questionnaire answers, combined with demonstrations, interviews of personnel at the providers and our specialists’ hands-on research, fuel our proprietary assessment process that scores each provider’s performance across more than 20 factors. The final output produces star ratings from poor (one star) to excellent (five stars).

For more details about the categories considered when rating brokers and our process, read our full methodology.

To recap our selections...

NerdWallet's Best Brokerage Account Promotions and Bonuses of September 2023